Ngam Advisors L.P. Has $2.42 Million Stake in Aflac Incorporated (NYSE:AFL)
Ngam Advisors L.P. raised its stake in shares of Aflac Incorporated (NYSE:AFL) by 13.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,367 shares of the financial services provider’s stock after buying an additional 3,917 shares during the period. Ngam Advisors L.P.’s holdings in Aflac were worth $2,416,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Thrivent Financial for Lutherans raised its position in shares of Aflac by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,890 shares of the financial services provider’s stock worth $1,107,000 after buying an additional 920 shares during the last quarter. Sowell Financial Services LLC purchased a new position in shares of Aflac during the fourth quarter worth approximately $265,000. Norges Bank purchased a new position in shares of Aflac during the fourth quarter worth approximately $1,454,272,000. Vident Investment Advisory LLC raised its position in shares of Aflac by 1.1% in the fourth quarter. Vident Investment Advisory LLC now owns 32,923 shares of the financial services provider’s stock worth $2,291,000 after buying an additional 363 shares during the last quarter. Finally, Auxier Asset Management raised its position in shares of Aflac by 11.6% in the fourth quarter. Auxier Asset Management now owns 77,920 shares of the financial services provider’s stock worth $5,423,000 after buying an additional 8,100 shares during the last quarter. 64.46% of the stock is owned by institutional investors.
Aflac Incorporated (AFL) traded down 0.23% during trading on Thursday, reaching $80.97. The company had a trading volume of 1,265,578 shares. The firm’s 50 day moving average price is $78.05 and its 200 day moving average price is $74.01. The firm has a market capitalization of $32.06 billion, a PE ratio of 13.17 and a beta of 0.99. Aflac Incorporated has a 12-month low of $66.50 and a 12-month high of $81.45.
Aflac (NYSE:AFL) last announced its earnings results on Thursday, July 27th. The financial services provider reported $1.83 EPS for the quarter, beating the consensus estimate of $1.63 by $0.20. Aflac had a return on equity of 13.09% and a net margin of 11.98%. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the prior year, the company earned $1.65 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Analysts anticipate that Aflac Incorporated will post $6.67 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 23rd will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.72 annualized dividend and a dividend yield of 2.12%. Aflac’s payout ratio is 25.94%.
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A number of research analysts recently commented on the company. ValuEngine upgraded Aflac from a “hold” rating to a “buy” rating in a research note on Tuesday. BidaskClub lowered Aflac from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Bank of America Corporation upgraded Aflac from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $75.00 to $78.00 in a research note on Tuesday, July 4th. Barclays PLC increased their price objective on Aflac from $71.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Monday, July 3rd. Finally, Royal Bank Of Canada reiterated a “sell” rating and set a $66.00 price objective on shares of Aflac in a research note on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Aflac currently has an average rating of “Hold” and an average target price of $75.95.
In other Aflac news, insider Paul S. Amos II sold 222,889 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $77.40, for a total value of $17,251,608.60. Following the transaction, the insider now owns 329,540 shares in the company, valued at $25,506,396. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Karole Lloyd purchased 1,000 shares of the business’s stock in a transaction on Monday, June 12th. The stock was purchased at an average price of $77.01 per share, for a total transaction of $77,010.00. Following the acquisition, the director now owns 7,253 shares of the company’s stock, valued at approximately $558,553.53. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 236,703 shares of company stock worth $18,328,514. 3.00% of the stock is owned by corporate insiders.
Aflac Company Profile
Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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